Brewer's Yeast Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The Brewer’s Yeast Supplements market is poised for a substantial growth trajectory over the coming decade. In 2024, the global market is expected to be valued at US$ 753.40 Million and is anticipated to reach US$ 1.33 billion by the end of the forecast period in 2031. The market is projected to grow at a CAGR of 8.50%, with Brewer’s Yeast Supplements in capsule form expected to be the highest revenue-generating segment.

Key Drivers of Market Expansion

Nutritional Benefits and Medical Applications

Brewer’s Yeast Supplements are increasingly recognized for their nutritional benefits and medical applications. Composed of approximately 52% protein and rich in B-complex vitamins, these supplements are highly valued for their health benefits. They are particularly beneficial for diabetes patients due to their high chromium content, which helps regulate blood sugar levels. Moreover, the probiotic nature of Brewer’s Yeast Supplements makes them effective in treating diarrhea and colds.

Rising Popularity in Animal Nutrition

The use of Brewer’s Yeast Supplements is also expanding in the field of animal nutrition. These supplements are prescribed for animals to enhance liver function and maintain healthy skin and shiny fur. They are commonly given to dogs to manage anxiety levels. Available in powder, capsule, and tablet forms, their increasing application in both human and animal health sectors is driving market growth.

Increasing Pet Ownership and Animal Health Awareness

Growing Pet Culture in the United States

The rising trend of pet ownership, particularly in the United States, is significantly impacting the Brewer’s Yeast Supplements market. According to the National Pet Owner Survey, approximately 70% of U.S. households own a pet. This increase in pet ownership is coupled with a growing awareness of animal health and nutrition, leading to higher demand for nutritional supplements for pets.

Market Opportunities in Animal Feed

Brewer’s Yeast Supplements are also finding a growing market in animal feed, particularly for livestock. These supplements enhance the production of high-quality milk and meat, creating new business opportunities for supplement manufacturers. The increasing demand for poultry products and rising chicken consumption further fuel market expansion.

Expanding Diabetes Treatment Applications

Brewer’s Yeast Supplements play a crucial role in managing diabetes, a condition affecting millions globally. These supplements help maintain blood sugar levels and are widely used in the treatment of diabetes, which is the leading cause of numerous health complications worldwide. The rising number of diabetes patients is driving the demand for these supplements, contributing to market growth.

Regional Market Insights

North America

North America is expected to offer significant growth opportunities for the Brewer’s Yeast Supplements market. The region's market size is projected to increase substantially, driven by the rising prevalence of diabetes and the growing pet culture. In Canada, the increasing number of diabetes patients and substantial government spending on diabetes treatment are major factors contributing to market growth.

United Kingdom

The United Kingdom is another promising market for Brewer’s Yeast Supplements, with a significant number of diabetes patients driving demand. The British Diabetic Association reports that millions of people in the UK suffer from diabetes, with healthcare costs for diabetes treatment accounting for a significant portion of the NHS budget. This high prevalence of diabetes is expected to boost the demand for Brewer’s Yeast Supplements.

Asia-Pacific

Countries in the Asia-Pacific region, including China, Japan, and South Korea, are witnessing rapid growth in the Brewer’s Yeast Supplements market. The increasing pet population and rising awareness of pet health in these countries are major factors driving market expansion. Additionally, the high prevalence of diabetes and government initiatives to manage and treat the condition are expected to further propel market growth.

Competitive Analysis

Key players in the Brewer’s Yeast Supplements market include Now Foods, Nusapure, Pure Naturals, Solgar, Arkopharma, Amazing Nutrition, Vitalife Ltd, Nova Nutritions, and Swanson. These companies are actively engaged in strategic initiatives to strengthen their market positions.

Recent Developments

Pestell Nutrition recently joined Barentez, enhancing its position in the animal health and feed industry. Now Foods received ISO accreditation for its in-house microbiological and analytical testing labs, facilitating the testing process of incoming ingredients and finished products. This accreditation is crucial for selling dietary supplements on platforms like Amazon.

Segmentation of the Global Brewer’s Yeast Supplements Market:

By Form

• Capsule
• Powder
• Tablet

By Distribution Channel

• Online Sales
• Retail Sales
• Hypermarkets/Supermarkets
• Pharmacies
• Specialty Stores

By Application

• Human Consumption
• Animal Consumption

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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